Scott Gaynor quits Morgan Stanley, Paul Day takes over

Scott Gaynor leaves Morgan Stanley after a 24-year career, while Sanjay Dhir transfers to London with J.P. Morgan.

Scott Gaynor, a veteran Morgan Stanley banker and current chief operating officer for Asia, resigned last week and has been replaced by Paul Day.

Gaynor, who has spent 24 years with the firm across various roles, quit last week to pursue a new opportunity, according to sources close to the situation, who added that he will not be joining a competitor. Some other sources have speculated that he could be joining a hedge fund in...